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Samsung Bioepis Doubles Profits After European Ustekinumab Debut

Sales Up By More Than Half In 2024 As Major US Launches Planned For H1

 
• By Dave Wallace

Samsung Bioepis has reported a major boost to its operating results in 2024, lifted by biosimilar launches that included its Pyzchiva rival to Stelara in Europe through partner Sandoz, which the firm says has gained the largest market share among ustekinumab challengers.

Samsung Bioepis enjoyed an uptick in results for 2024 (Shutterstock)

Samsung Bioepis credited recent European biosimilars launches, such as its Pyzchiva (ustekinumab) rival to Stelara and its Epysqli (eculizumab) version of Soliris, with boosting its sales by over half to more than a billion US dollars as well as more than doubling its operating profit in 2024.

Revealing details of its annual results as parent company Samsung Biologics published its financials, Samsung Bioepis said its sales had grown by 51% to KRW1.538trn ($1

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